1601 Great Western Dr #E2LongmontCO80501
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Longmont at 1601 Great Western Dr #E2, Longmont, CO, 80501 uses $120,998 cash to close to unlock $6,808/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $2,694/mo, and a $1,786/mo payment keeps the spread at $567/mo. Purchase price stands at $365,000, and rental yield measures 8.86% with $2,694/mo rent. Return on cash invested shows 25.54% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 132.55% and total cumulative return in cash records $160,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,694/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 2000
30 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80501, Longmont, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,152 (100%) |
| Owner Occupied HU | 9,296 (48.5%) |
| Renter Occupied HU | 8,725 (45.6%) |
| Vacant Housing Units | 1,131 ( 5.9%) |
| Median Home Value | $545,081 |
| Average Home Value | $664,784 |
Housing Distribution
Address Breakdown
Residential
19,261
Single Family
15,147
Multi-Family
4,114
Businesses
2,260
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